What is Intraday Tips / Stock Tips
Intraday tips or Stock tips on Indian stock market. Read the article below to know how to choose intraday stock for trading and what are the basic rules for intraday trading in Indian stock markets. Some common topics are discussed below like intraday tips for tomorrow / today, NSE intraday tips, Intraday calls on mobile or commonly knows as free stock tips on whatsapp.
Intraday tips or commonly known as stock tips is a method to provide investment strategies or tips to investors by SEBI registered investment advisers. In intraday trading tips traders or investors takes position during trading hours and have to exit before market gets closed, either they are in profit or loss.
By any chance trader failed to exit from intraday position then have to provide delivery of stock in case trader have short position or have to take delivery in case of having a buy position. To avoid such situation exchanges have provided a system in which exchanges will automatically square off positions 15 mins before market gets closed. To activate such feature traders have to mention auto square off features before initiating any trade.
Here are some point to keep in mind to do intraday trading using intraday trading tips.
Importance Of Intraday Traders In Today’s Market.
Intraday trader plays a very important role in stock market, it provided liquidity in stock market, thus keep the market running efficiently, you can find day traders in all of the exchanges- like, forex, commodity, derivatives, equity. Most of the times day traders are well educated and very well funded, Stock exchanges provide day traders special software to analyses market and that too equipped with latest indicators and features, which helps investors to make right decision. where to enter and exit and what stop loss to use.
Intraday Trading Tips
Intraday trading is riskier that investing in the regular stock market. For beginners it is important to understand such trading before you initiate such trade in exchanges. Intraday traders experience high volatility than long term investors. However with a right knowledge once can make good money quickly using day trading.
Trade Only In Liquid Stocks
As you know day trading trades involves buying and selling of shares on the very same day. So it is important to chooses stock which has high liquidity other wise it will be difficult to square off your position by end of day and you have to take delivery or stock will go for auction in exchanges. That is why one should avoid trading in mid cap or small cap stocks that may not have high liquidity.
Stock advisers also suggest that avoid investing in all your money in single stocks and its better to di-versifying your position. By this strategy one can minimize risk.
Always Trade With A Stop Loss
Its not always possible that stock does in a direction in which one has taken a position, if one has taken a buy position then stock may starts falling. So it is very important that once should do proper research and must find target and stop loss in case stock starts moving in adverse direction then better exit for once. By this way you can do some damage control.
For beginners it is ideal to adopt the basic 3:1 reward to risk ratio strategy. What this means is that the stop loss price — the price at which you are ready to exit if you are making losses — should be three times lower than the exit price — the price at which you are willing to book profit.
Must Book Profits On Target, Don`t Be Greedy.
Mostly investors loose money as they do not know when to book profits or if they know the target they do not book it as they become greedy. It is important to understand that making or loosing money is very easy in this market so once target reach grab the profits. But if you feel its a good reason to hold your positions for more profits then do some research and modify stop losses so that their woun`t be losses in your trades.
Visit link to see technical charts for stock listed on Indian Stock Markets.
Make Sure To Exit From All Intraday Positions On Time.
If you have open any trade with a mind of doing intraday trade then must exit it 10-15 mins before markets gets closed. Some intraday trades take the delivery of their buy position if stock did not move during trading hours. This type of trading is not good for intraday traders.
Choose Your Trading Stock Thoroughly
Once you have choose stock for intraday tips for today then it is important that you must see its corporate actions at Nse India website for information like acquisitions, mergers, bonus issues, stock splits, and dividend payments among others. All such actions are really useful for intraday trading and getting the technical levels for such stocks.
Timing for Best Intraday Tips
It is advisable that not to take intraday position on first one hour of trading as market is highly volatile and tying to find the direction for the day. For finding best intraday tips one needs to to see market very closely for first one hour. Many experts try to take intraday position between noon and 1 pm. As they feel that in long run such trades gives more profits.
How to Do Intraday Trades
They are two ways investors can do day trading one is offline and another in online. An Online trading is something you do trade yourself only without talking help from your broker. In this investor site in front of online trading terminal and punch order according the way he thinks and exit or use stop loss all by himself only.
On the other hand offline trade is something in which you call your broker via phone and tell him what you want to buy and tells him the quantity and price. and can later tell him the exit price or s.l accordingly.